Dolar Index Long
Updated
USDX 1. **Entry:** The entry point is 104.51. This means you will buy contracts or units of the Dollar Index at this price.
2. **Stop Loss:** You set a stop loss at 1% below the entry price to limit your losses in case the market moves against your position. In this case, the stop loss is at 103.47. If the value of the Dollar Index falls to this level, the position will be automatically closed to prevent further losses.
3. **Take Profit:** The take profit is set at 3% above the entry price, which means you plan to close the position when the Dollar Index reaches a value of 107.56. This allows you to secure profits if the market moves in your favor.
In summary, you are entering a long position in the Dollar Index at 104.51 with a stop loss at 103.47 (1% maximum acceptable loss) and a take profit at 107.56 (3% target profit). This strategy allows you to limit your losses and secure gains based on your market analysis and risk tolerance. It's important to remember that the forex market is volatile, and it's always prudent to conduct thorough analysis before taking any position. Additionally, keep in mind that exact values may vary depending on the timing of your trade, as prices constantly change.
SubZero
Trade active
Trailing Stopup to 104.35, position in profit at this time.
Trade active
Active trading in profit no more comentsTrade active
Trailing Stopup to 104.5, position in profit at this time.
Trade active
Trailing Stopup to 105, position in profit at this time.
Trade closed: stop reached
Reached 105 , with profit, trade close
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